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Cable Update (GBPUSD)

  • #287,661
  • Aug 30, 2011 12:59pm Aug 30, 2011 12:59pm
its just my view guys,
it maybe time to Sell GBPCHF for another 100 pips ride down...

Just sharing what i am doing..
sold at 1.3390
target for this is 1.3300

Choose.Wisely
Don't compare your Trades with Others
  • #287,662
  • Aug 30, 2011 1:00pm Aug 30, 2011 1:00pm
Quoting Martingale
thanks man!
However please note that -as for MT4 volumes are not reliable- the chart I attached is the future /6E euro chart, for which the volumes are real and declared! that's why I am using this chart!
interesting!
could you please give me a link where find it?
90% of traders use TA, indicators and prediction
  • #287,663
  • Aug 30, 2011 1:01pm Aug 30, 2011 1:01pm
Quoting DubaiFX
it may not bro from this point it may drop another 80-100 pips easily please be careful.

sorry i am not with you on this one Navin i am short bro
i know i might be wrong it was oversold and got out of it now the direction will be decided on 8H and daily Close,
my bet is if closed below 1.6270
then my target will be 1.6150 and 1.6070
my GBPCHF target is already in place 1.3150-70
it may take a while but will decide tomorrow where to close,

Good Luck.

my
its a dangerous trade..i agree but i do feel it will go up
hope we both lucky
  • #287,664
  • Aug 30, 2011 1:03pm Aug 30, 2011 1:03pm
Quoting _BBKing_
interesting!
could you please give me a link where find it?
sure! have a look on the ThinkOrSwim platform, there you can track futures! and then you can use the VolumeProfile indicator to see the major resistances!
  • #287,665
  • Aug 30, 2011 1:04pm Aug 30, 2011 1:04pm
Quoting DubaiFX
Thank You BBKing,

well sorry to say NAVIN and BBKing bro my view on GU is different bro and i............................ht be wrong,
Trade you own setups guys..
.
Good Luck Guys..
yes sure!
sincerely i went short 6406 n 6360
closed whole 6300 let only a bit running to 6265

was not very much confident on taking long, until i noticed h1+m30 in bullish hidden divergence MACD and price going out of m1 steep move down.

still not very much confident, i also see a possible move into 61's
maybe will happen after this wave up
lets see what happens now.

i moved stops @BEp and watch
90% of traders use TA, indicators and prediction
  • #287,666
  • Aug 30, 2011 1:06pm Aug 30, 2011 1:06pm
Quoting Martingale
sure! have a look on the ThinkOrSwim platform, there you can track futures! and then you can use the VolumeProfile indicator to see the major resistances!
thank you very much!
90% of traders use TA, indicators and prediction
  • #287,667
  • Aug 30, 2011 1:28pm Aug 30, 2011 1:28pm
approaching sup/res area range 6320-6340
planning to add longs if consolidates above

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 40 KB
90% of traders use TA, indicators and prediction
  • #287,668
  • Aug 30, 2011 1:28pm Aug 30, 2011 1:28pm
Quoting DubaiFX
its just my view guys,
it maybe time to Sell GBPCHF for another 100 pips ride down...

Just sharing what i am doing..
sold at 1.3390
target for this is 1.3300

Choose.Wisely
GBPCHF DID well

still holding shorts looks like it may test 1.3310 in next hour hopfully
Don't compare your Trades with Others
  • #287,669
  • Aug 30, 2011 1:30pm Aug 30, 2011 1:30pm
Quoting sinchan
looking euro/chf bullish.. Why I closed too fast my Long

But I dont wanna enter the market on the middle of the run, let see another chances next days.. I really wanna sleep now..
I am going short eurchf,
sold at 1.1835
1.1720 target

Wish me Luck..
Don't compare your Trades with Others
  • #287,670
  • Aug 30, 2011 1:38pm Aug 30, 2011 1:38pm
Quoting _BBKing_
approaching sup/res area range 6320-6340
planning to add longs if consolidates above


1.67..lets see
tomorrow needs to close around 1.65 min
  • #287,671
  • Aug 30, 2011 1:40pm Aug 30, 2011 1:40pm
m5 view of 6318 approach
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
90% of traders use TA, indicators and prediction
  • #287,672
  • Aug 30, 2011 1:44pm Aug 30, 2011 1:44pm
Quoting nAVIN2007
1.67..lets see
tomorrow needs to close around 1.65 min
yea at least 6440/60 with good monthly candle..
if we get again well consolidated into 63's chance are good!
90% of traders use TA, indicators and prediction
  • #287,673
  • Aug 30, 2011 1:47pm Aug 30, 2011 1:47pm
Quoting DubaiFX
I am going short eurchf,
sold at 1.1835
1.1720 target

Wish me Luck..
my complimets to you and all who is able to trade chf pairs/crosses!
i really dont understand them!
or better... the strenghten in CHF have been insane last months....
90% of traders use TA, indicators and prediction
  • #287,674
  • Aug 30, 2011 1:49pm Aug 30, 2011 1:49pm
Quoting _BBKing_
yea at least 6440/60 with good monthly candle..
if we get again well consolidated into 63's chance are good!

actually i have been looking at this..i think tomorrow will be one hell of a day!!

i dont see any reason why it wont infact i can see it setting up quite nicely..trend is still intact on dailly, but tomorrow we must not have a down day!
  • #287,675
  • Aug 30, 2011 1:53pm Aug 30, 2011 1:53pm
My long still doing well - seem to have picked the top and bottom by 10 pips only using a 4hr chart, some of us are lucky traders sometimes.
Some interesting month end moves today. Obviously cable dropped when the euro held flat following US news release which allowed eur/gbp to rally and as soon as London closed reversed allowing cable to rally back- only really noticable this month since volume is so light.
  • #287,676
  • Aug 30, 2011 2:08pm Aug 30, 2011 2:08pm
Quoting nAVIN2007
the way i use trendline and the proper use of them (i think) is about shaping them into channels, wedges, traingles etc

something which gives u a technical edge on direction

that is why the blue lines arent something id say are correct

now look at my chart..im not curve fitting anything and it forms a traingle (consolidation)..keep trying my man!

A freebie

now the thing is even mine isnt correct as the candle is still in progress..but im forecasting
Usually U use weekly chart bro?
If there was easy money lying around,no one would be forcing it into your
  • #287,677
  • Aug 30, 2011 2:44pm Aug 30, 2011 2:44pm
Quoting FXMindset
Usually U use weekly chart bro?

look at monthly gain to get trend direction then simplify by reducing time frame

lower timeframe keeping the bigger picture into prospective bigger picture and vica versa..

im giving u my trade secrets..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 39 KB
  • #287,678
  • Aug 30, 2011 2:56pm Aug 30, 2011 2:56pm
I "See" the same thing! :thumb

-How are you old buddy...?
'Took about 6mo's to a yr off to get my
own house in order. How have you been?

I see you're still in here, encouraging the "Troops",
though many have changed eh?
-Hope you're still going "Mark Douglas" on everything! !

Nice to see your post buddy,
'Will try to check in from time to time,

Jeff
I will work to Objectively Identify my Edges
  • #287,679
  • Aug 30, 2011 4:56pm Aug 30, 2011 4:56pm
just wake up, and still sleepy here.

Quoting iqyu5an
what about this baby wanna test last week low first before next move. once we get new low...605x looks the next target. but only 2 cent and this is forex.



time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 24 KB
not euphoria follower
  • #287,680
  • Edited 7:04pm Aug 30, 2011 6:52pm | Edited 7:04pm
Quoting Martingale
sorry, just to add: the first is a 1H, the second a 5Minutes.

When I say spike and drop means that the spike is of course huge volume (big hands in to it) and a thumb rule to understand if it was buying or selling force is to see whether the price passed one extreme or the other of the candle.

I am just seeking for points of view on this? any idea??
Is that blue histogram is Auction Market theory? Meaning blue histogram is volume vs price charts?

NICE! Ive been looking for this for a long time! There are a few indicators as such, but not so detailed as this.
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